KNassar

Karim B. Nassar

Legal Advisors, In association with Baker & McKenzie Limited
Not admitted to practice law in this jurisdiction

Biography

Karim Nassar has been involved in handling Saudi legal matters since 1998 and is active in advising Saudi and foreign clients on a wide range of Saudi Arabian corporate and M&A transactions. He was seconded to the Capital Market Authority of Saudi Arabia, from January 2004 to March 2005 where he helped to develop and finalize the regulatory framework. Mr. Nassar has also written several articles on the Capital Market Authority in Saudi Arabia for various publications. He is a member of the Lebanese Bar Association, and is fluent in English, French and Arabic. Mr. Nassar has been a resident in Riyadh since 1998.

Practice Focus

Karim Nassar focuses his practice on privatizations, corporate, securities, corporate finance, mergers and acquisitions, as well as financial services regulations.

Representative Legal Matters

Capital Markets

  • Acted for Saudi Fransi Capital, who were the lead manager, underwriter and bookrunner in relation to the offer of 12.9 million shares in L'Azurde to institutional investors.
  • Acting as transaction counsel to Saudi Arabian Company for Hardware (SACO) in relation to its initial public offering of 7,200,000 shares representing 30% of the Company’s share capital.
  • Acting as underwriter counsel for NCB Capital in relation to the rights issue of Salama Cooperative Insurance Company.
  • Acting for the Financial Advisors and Lead Managers on USD6 billion NCB IPO, the secondlargest IPO in the world in 2014 and the largest-ever equity sale in the Middle East.

Mergers & Acquisitions

  • Acting for Mohammed I. Alsubeaei & Sons Investment Company (MASIC) in its joint venture and sale of 30% share of Thakher to Al Tayaar Group (ATG) (a publically listed Saudi company). This was in consideration for shares in ATG for the development of real estate in Makkah.
  • Advising Alliance Holding Company in relation to its divestment together with other sellers of a majority stake in General Lighting Company to Koninklijke Philip NV.
  • Acting for Al Tala’a International Transportation Co. Ltd. (HANCO), as part of a consortium, on the acquisition of a 75% stake in Byrne Investments from Dubai-based Havenvest Private Equity Middle East Partnership.

Funds

  • Acting for AJIL in relation to SR500 million sukuk issued to sophisticated investors in the Kingdom of Saudi Arabia, with Riyad Capital and GIB Capital acting as lead managers.
  • Acting for EFG-Hermes KSA structuring one of the first Saudi equities funds approved by the Capital Markets Authority.
  • Acting for EFG-Hermes KSA on the placement of MENA financial/funds products to investors in the Gulf, Europe and the US.

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Admissions

  • Lebanon (1998)

Education

  • Nottingham University (LL.M.) (1998)
  • University of Paris X (DEA) (1996)
  • St. Joseph's University (Degree) (1995)

Languages

  • Arabic
  • English
  • French